- Past 12 months since being split form EGP TAH has been building an extended rounding base formation. This is now on the verge of being completed with any move above $3.05
- Forecasted yield of 8.5% underpins its defensive nature but probability for Tatttersalls to acquire the business adds element of solid upside potential.
- Unlike the casinos (EGP) business which is inherently volatile, wagering is far more consistent and reliable. The de-merger of the two should now remove much of the volatility in earnings from TAH and allow the stock to trade on a higher multiple.
- Above $3.05 and good rally should be seen to the highs of July (still below listing price) at $3.36
- Indicators are now starting to signal an increase in momentum with trending signals emerging across a variety of timeframes.
